GISTSMATE MEDIA reports that the Federal Government has begun a process to obtain a fresh $2bn loan from the World Bank. The loan request submitted by the Ministry of Finance on behalf of the government is currently undergoing concept review, an appraisal stage that will lead to further negotiation and approval. According to documents posted…
The federal government through the Corporate Affairs Commission (CAC) has warned Point of Sale (POS) operators in the Fintech sector and threatened to shut down those who fail to register their businesses. The CAC in a statement on Friday noted that the 60-day deadline for registration, which expired on September 5, 2024, has not been…
The Bayelsa State Police Command has arrested a suspect in connection with the widespread circulation of an explicit and compromising video featuring a young woman on various social media platforms. The individual in question, identified as Godgift Bai, a 24-year-old resident of Ogbolomabiri in Nembe Local Government Area, was taken into custody by law enforcement…
Two brothers from Nigeria who targeted a 17-year-old in a sextortion scam have been sentenced to 17 years and six months in jail in the US. The Ogoshi brothers, from Lagos, lured Jordan DeMay into sending them explicit images by pretending to be a girl his age – then blackmailed him. According to BBC, Jordan…
GISTSMATE MEDIA reports that the Presidency has assured Nigerians that the current fuel scarcity in the country will soon come to an end. Minister of State for Petroleum Resources, Heineken Lokpobiri, disclosed that the situation will normalize by the weekend. Lokpobiri, who spoke on behalf of President Bola Tinubu, expressed deep concern over the hardship…
The 2023 governorship candidate of the Labour Party in Lagos State, Gbadebo Rhodes-Vivour, has boasted that the Labour Party would not only win but take over power in Lagos in 2027. Rhodes-Vivour, who made the boast while fielding questions from newsmen in Umuahia, Abia state capital, where he attended an extended Stakeholders’ meeting of the…
The Federal Government has predicted five-day rainfall that may lead to flooding in 21 states and 123 locations. It also listed seven states that will likely be severely affected. They are Benue, Kogi, Anambra, Delta, Imo, Rivers and Bayelsa states. The flood prediction obtained on Thursday by our correspondent from the office National Flood Early…
The Nigerian National Petroleum Company Limited (NNPCL) says foreign exchange illiquidity has been a significant factor influencing the fluctuation in prices of Premium Motor Spirit (PMS), popularly known as petrol. These, it said, are governed by unrestricted free market forces, as provided for in the Petroleum Industry Act (PIA). GISTSMATE MEDIA reports that the newest…
GISTSMATE MEDIA reports that Rich Homie Quan, a platinum-selling rapper from Atlanta, USA, is dead RHQ died Thursday in his Atlanta home, according to his family and a rep for the Fulton County morgue. Rich Homie Quan’s family tells TMZ Hip Hop they are shattered and heartbroken by his sudden death. No cause of death…
Vice President, Kashim Shettima, on Thursday summoned the Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, and the Group Managing Director of Nigerian National Petroleum Company Limited (NNPCL), Mele Kyari. The Vice President also summoned the National Security Adviser, Nuhu Ribadu over the recent hike in the price of Premium Motor Spirit (PMS),…